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Kentucky National Bank of Pikeville

Pikeville, KY · Cert 34113

FDIC

Q2 2007

$75.7MAssets
$58.5MLoans
$61.3MDeposits
$10.9MEquity
Loan mix
69%RE $24.8M30%C&I $10.9M1%Consumer $0.3MQ2 2006Q2 2007
Deposit mix
79%Interest-bearing $48.5M21%Noninterest $12.8MQ2 2006Q2 2007

NIM

6.16%Q2 ’056.91%Q2 ’067.56%Q2 ’07+3%+3%

Non-interest income vs. expense

2.59%Q2 ’052.47%Q2 ’062.63%Q2 ’07-2%+64%

Executive Summary

  • Earnings: ROA of 1.29%, down 50 bps year over year; NIM at 5.04%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.03%.
  • Funding: loans stand at 95.50% of deposits as of Q2 2007.

Financial Results

Return on Assets (quarter, annualized)

1.29%-50 bps YoY

Net Interest Margin (quarter, annualized)

5.04%+12 bps YoY

Efficiency Ratio (quarter, annualized)

58.44%+1,308 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ2 2006Q3 2006Q4 2006Q1 2007Q2 2007YoY ΔTrend
Earnings
Return on Assets1.79%2.18%1.70%1.92%1.29%-50 bps
Return on Equity14.08%16.21%12.39%13.93%9.09%-499 bps
Net Interest Margin4.92%5.45%5.10%5.02%5.04%+12 bps
Efficiency Ratio45.36%42.83%53.62%49.39%58.44%+1,308 bps
Non-Interest Burden1.94%2.01%2.49%2.20%3.17%+123 bps
Growth
Asset Growth (YoY)0.94%-1.32%2.16%-0.28%-0.17%-111 bps
Loan Growth (YoY)4.23%9.18%5.32%8.10%5.97%+174 bps
Deposit Growth (YoY)-3.51%-7.76%-4.05%-5.56%-2.04%+147 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans-0.01%0.02%0.03%-0.04%0.03%+4 bps
Allowance / Loans1.13%1.14%1.16%1.15%1.14%+1 bps
Allowance Coverage of NPLsn/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ration/an/an/an/an/an/an/a
Total Risk-Based Capital19.78%20.60%20.20%20.49%21.36%+158 bps
Equity / Assets12.96%13.92%13.53%14.04%14.42%+146 bps
Liquidity & Funding
Loans / Deposits88.28%95.09%93.10%93.78%95.50%+722 bps
Liquid Assets / Assets0.01%0.02%0.02%0.02%0.02%+1 bps
CRE / Total Capitaln/an/an/an/an/an/an/a